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High Impact of Low Interest Rates in Northern VA

Homeowner in Northern Va will cheer since home prices, on average, have continued to increase in 2017.  Future homebuyers can also be excited since historic low interest rates have done the same.  We all know that housing in Northern VA can be very expensive and with every small rate increase, purchasing power drops.  This is […]

Mortgage Interest Rates are Rising!

Mortgage interest rates are rising and have been over the last several weeks, as reported by Freddie Mac.  Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors all call for mortgage rates to continue to rise over the next four quarters into 2018.  This will cause real estate in Northern VA to be less affordable as I mentioned in this article, Cost Interest […]

Mortgage Process Keeping You from Homeownership?

  In Northern VA a considerable number of potential buyers shy away from jumping into the real estate market.  Is the uncertainty of the home buying process and/or the mortgage process keeping you from homeownership?  Purchasing a home can be intimidating to most, particularly first time home buyers, but with the right experienced professional, the […]

Home Buyers Don’t Need 20% Down Payment

The National Association of Realtors (NAR) found that many are still confused about what is required to qualify for a home mortgage.   The report, Aspiring Home Buyers Profile, surveyed future first time home buyers and homeowners expecting to purchase a home.  The results of the survey show that non-homeowners cite the main reason for not currently owning a […]